A federal district court in Alabama has dismissed two homeowners' force-place insurance-related claims against a lender and mortgage servicer under the Real Estate Settlement Procedures Act (RESPA) and the Fair Debt Collection Practices Act (FDCPA).
The Case
After homeowners obtained a loan secured by a mortgage on their property in Andalusia, Alabama, Bank of America determined that the property was in a Special Flood Hazard Area as shown on a map published by the Federal Emergency Management Agency (FEMA). Bank of America required that the homeowners purchase flood insurance on the property.
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